Wall Street higher as Apple leads tech rally

Wall Street higher as Apple leads tech rally. U.S. stocks climbed on Monday led by gains in technology shares and Friday’s robust jobs data, which gave investors heightened confidence that the U.S. economy remained strong.

“The market has been focusing on those fundamentals and there has been a resiliency in stocks in the past couple of weeks because of better economic data and tame inflation.”

At 11:20 a.m. EDT the Dow Jones Industrial Average was up 180.62 points, or 0.73 percent, at 24,815.83, the S&P 500 was up 7.51 points, or 0.27 percent, at 2,742.13 and the Nasdaq Composite was up 21.15 points, or 0.28 percent, at 7,575.49.

Ten of the 11 main S&P indexes were trading higher.

Boeing rose 1.3 percent, the biggest boost to the Dow, after the planemaker said it would partner with French aerospace firm Safran SA to make and service aircraft parts.

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